Toronto Dominion Bank Has $9.86 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Toronto Dominion Bank boosted its holdings in Coterra Energy Inc. (NYSE:CTRA - Free Report) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 386,016 shares of the company's stock after purchasing an additional 21,091 shares during the quarter. Toronto Dominion Bank owned 0.05% of Coterra Energy worth $9,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CTRA. R Squared Ltd acquired a new stake in Coterra Energy in the 4th quarter worth about $32,000. Plato Investment Management Ltd acquired a new position in shares of Coterra Energy in the 4th quarter valued at approximately $43,000. Deseret Mutual Benefit Administrators raised its position in shares of Coterra Energy by 33.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,722 shares of the company's stock valued at $44,000 after buying an additional 429 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Coterra Energy in the 4th quarter valued at approximately $46,000. Finally, Nemes Rush Group LLC acquired a new position in shares of Coterra Energy in the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Trading Up 3.1%

CTRA traded up $0.75 during trading on Monday, reaching $25.06. 6,721,777 shares of the company's stock were exchanged, compared to its average volume of 6,421,609. Coterra Energy Inc. has a one year low of $22.30 and a one year high of $29.95. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $19.12 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.59 and a beta of 0.33. The firm has a fifty day moving average price of $25.29 and a two-hundred day moving average price of $26.42.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The firm had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company's revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, equities research analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's dividend payout ratio is currently 51.16%.

Insider Activity

In other news, SVP Michael D. Deshazer sold 35,377 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the sale, the senior vice president now directly owns 126,770 shares of the company's stock, valued at approximately $3,374,617.40. This represents a 21.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the completion of the sale, the senior vice president now directly owns 106,114 shares in the company, valued at approximately $3,086,856.26. This represents a 19.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CTRA shares. Barclays dropped their target price on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. UBS Group dropped their target price on shares of Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Raymond James dropped their target price on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a research report on Wednesday, March 12th. Piper Sandler dropped their target price on shares of Coterra Energy from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Finally, Mizuho dropped their target price on shares of Coterra Energy from $38.00 to $36.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coterra Energy has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.